IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 158.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,199 shares of the technology company’s stock after acquiring an additional 3,801 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Trade Desk were worth $729,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Focus Financial Network Inc. lifted its position in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock valued at $456,000 after acquiring an additional 84 shares in the last quarter. RMR Wealth Builders lifted its holdings in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after purchasing an additional 89 shares in the last quarter. Quotient Wealth Partners LLC boosted its stake in Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after purchasing an additional 94 shares during the last quarter. TFB Advisors LLC boosted its stake in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after purchasing an additional 94 shares during the last quarter. Finally, Centurion Wealth Management LLC grew its holdings in shares of Trade Desk by 2.6% during the fourth quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company’s stock worth $443,000 after buying an additional 96 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TTD shares. Loop Capital lowered their price target on shares of Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wedbush upped their price target on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Cfra Research upgraded Trade Desk to a “moderate buy” rating in a research report on Tuesday. Scotiabank dropped their target price on Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th. Finally, Citigroup cut their target price on Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.41.

Trade Desk Stock Down 2.5 %

Shares of TTD stock opened at $55.85 on Friday. The Trade Desk, Inc. has a 52 week low of $53.39 and a 52 week high of $141.53. The stock has a market capitalization of $27.71 billion, a PE ratio of 71.60, a P/E/G ratio of 3.11 and a beta of 1.63. The firm has a 50 day moving average of $85.01 and a two-hundred day moving average of $108.31.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has authorized a share repurchase plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,029 shares of company stock valued at $5,004,296. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.